It represents the cumulative value of contributions that is fiscally equivalent to the current pension plan, showing that
the cumulative value of pension contributions exceeds pension wealth until age 50.
Not exact matches
As is evident, complex
pension rules lead to
pension wealth curves that are irregularly shaped and bear no resemblance to the smoothly growing
cumulative value of contributions.
Net
pension wealth, the
cumulative value of employer contributions, is a constant percentage
of cumulative earnings, regardless
of whether they accrue in one job or two.
For individuals who exit the work force prior to a given age
of separation, their estimated
pension benefit and
cumulative earnings are simply the relevant
values discounted to that point in time.
Pension Maximiser Option: you will receive an amount equal to the higher
of Fund
Value or 101 %
of cumulative premiums (including top up premiums, if any) at maturity.
Additionally the nominee will also receive an amount equal to higher
of the Fund
Value or 105 %
of cumulative premiums paidTotal amount invested in Max Life Forever Young
Pension Plan - Rs. 10,000 x 12 x 10 = Rs. 12,00,000